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Home My WebLink AboutURA RES 2022-06RESOLUTION NO. RESOLUTION ACCEPTING THE ANNUAL ACTIVITIES REPORT FOR CALENDAR YEAR 2021 OF THE CALDWELL URBAN RENEWAL AGENCY. BE IT HEREBY RESOLVED by the Caldwell Urban Renewal Agency of Caldwell, Idaho, has accep the Annual Activities Report for Calendar Year 2021 of the Caldwell Urban Renewal Agency made apart hereof as set forth in full. PASSED BY THE CALDWELL URBAN RENEWAL AGENCY of the City of Caldwell, Idaho this 141h day of March, 2022. APPROVED BY THE CHAIRMAN OF THE CALDWELL URBAN RENEWAL AGENCY of the City of Caldwell, Idaho this 141h day of March, 2022. ATTEST: MEMORANDUM TO: Caldwell Urban Renewal Agency Meeting Date March 14th , 2022 AGENDA ITEM INFORMATION x to SUB.IECT: Department Submittals mark Urban Renewal Agency Annual Activities Report Building Department for Calendar Year 2021, per Idaho Code 50-2006(c). CDBG X Clerk COST IMPACT: FUNDING SOURCE: TIMELINE: N/A N/A Due March 31 st Finance llepartme Human Resources Planning & Zonin Department Fire Police Department Public Works Street Department Water Department WWTP Mapping Parks and Recreation Information Systems Golf Course OTHER: Initials chm SUMMARYSTATEMENT: An agency author ized to transact business and exercise powers under ay shall file, with the local body, on or before March 31 of each year a report of its activities for the preceding calendar and governing b y, which report shall include a complete financial statement setting forth its assets, liabil sublic meeting w pold a operating expense as of the end of such calendar year. The agency shall be required toe report, the agency shall p g p to report these findings and take comments from the public. At the time of filing the h ihapsuch report has been p publish in a newspaper of general circulation in the community a notice to the effect hours in the office of filed with the municipality and that the report is available for inspection uring the city clerk or county recorder and in the office of the agency. Report was presented to CityCouncil on February 22, 2022 and they called for the Public Meeting to be held March 14th, 2022 at 7#00 pm. or the financial statements setting forth assets, liabilities, income and operating expen See Exhibit A f se as of the end of Calendar year 2021. See Exhibit B for the activities report for Calendar year 2021. RECOMMENDED ACTION: App rove Calendar Year 2021 Annual Activities report for the Caldwell Urban Renewal Agency. Urban Renewal Annual Activities Report — Calendar Year 2021 Per Idaho code, 50-2006(c) the Caldwell Urban Renewal Agency is required to file a report of activities for the preceding calendar year with the local governing body. Included in your packets is Urban Renewal's Statement of Revenues, Expenditures and Changes in Fund Balance for calendar year ending December 31, 2021, which reports the agency's revenues and operating expenditures,and the Agency's Balance Sheet as of December 31, 2021, which reports the agency's assets, liabilities. The code also requires that the agency hold a public meeting to take comments and that meeting is currently scheduled for Monday, March14, 2022 at 7:00 pm here in the community room. During 2021 the Agency's activities were: • In anticipation of other manufacturing leads, the Agency purchased an 8.2-acre parcel located on Linden and KCID Road. In January 2021, Ideal Demolition Services purchased the property for construction of their corporate headquarters and three smaller leasable industrial flex buildings. Construction is scheduled to begin in the second quarter of 2022. • The Agency underwent a Request for Proposal process for 1.21 acres in downtown Caldwell for future development. The Agency has established a development agreement with a regionally based development group, DeChase Miksis. It is an anticipated multi -use development at the site that will blend commercial/retail and residential in phase one and a hotel in phase two. In December 2021, a groundbreaking was held and construction efforts will launch in the first quarter of 2022. • As of March 31, 2021, The Agency had closed out its fagade and fire sprinkler incentive program for buildings fronting the plaza. The fagade and fire sprinkler incentive program has provided property owners financial resources to beautify their building and showcase a revitalized downtown. • The Agency worked closely with several developers in growing the commercial and industrial base within the UR District, Developer Ball Ventures Ahlquist purchased 114 acres at the corner of Highway 20/26 and Smeed Pkwy (North Ranch Business Park), The URA assisted in providing funding for needed infrastructure to the site. Vision for the site is a mix of commercial/retail and light industrial. Construction has commenced for a small industrial building in the area and a subsequent groundbreaking for a 304,000 square foot industrial speculation building broke ground in December 2021. • During the months of June and July 2021, The Agency constructed a new restroom in Griffiths Park in an effort to enhance amenities in that area. • The Agency participated with Trilogy Development, owner of 35-acre piece of property along Highway 20/26 and Aviation Way. The URA provided funding assistance at this location to relocate the "A" drain on the property in order to produce an unencumbered site for future commercial and industrial development. • The Agency has participated in the Ustick Road Bridge Widening project, which will add additional lanes to the Ustick Bridge Overpass. This improvement will aid in easing traffic in a busy and fast growing area of the City. The Agency allotted up to $4.7 million to work with the Idaho Transportation Department on the 1-84 widening project. • In 2020, the Agency purchased a 0.21-acre parcel with a small concrete building and an adjacent 0.28- acre parcel on Main Street and 6th Avenue in downtown Caldwell. These two combined parcels created an opportunity for re -development at this location and a Request for Proposal was created to procure a developer for the project. The Agency created a Request for Proposal for the site and awarded the project to The Godsill Company (TGC). In early 2022, the UR District will demolish the existing concrete building to enable new construction to occur at the site. TGC is planning on constructing a two-story restaurant and three retail facilities at that location in the second quarter of 2022. • The Caldwell Urban Renewal Agency recently received from the City of Caldwell a piece of property located in downtown at the corner of Kimball and Arthur Street. The site, the former location of Mr. C's Carpet, included a vacant lot and a small concrete building which was demolished in June 2020 to prepare the site for development. The Agency created a Request for Proposal for the site and awarded the project to developer Ken Sangha with Aztec Development in 2021. Construction will soon take place for a mixed -use urban project at that location. • In September 2019, the Agency previously sold approximately 20 acres to McCain Foods USA to construct a state-of-the-art food processing facility. McCain also purchased an additional 3 acres near the site to accommodate their project. In October 2021, due to the unforeseen pandemic that has hindered the food -service economy, McCain Foods withdrew from this project and purchased the property back with an additional three acres. Thus, the Agency underwent a Request for Proposal to attract a different user on the site. The Lincoln Property Company based in Dallas, TX was awarded the Request for Proposal in December 2021. In 2022, they plan to construct two industrial speculation buildings totaling 445,725 square feet. • The Agency has finalized a Request for Proposal for a downtown site at 215 and 217 S. Kimball Avenue. The Request for Proposal closed on December 31, 2021 and was subsequently awarded to Olive and Vyne and 2C Family Brewing. The Agency anticipates a two-story urban development project at this location with construction expected to launch in the third quarter of 2022. • On December 20, 2021, Caldwell's City Council approved a plan to create an 895-acre Revenue Allocation Area in North Caldwell. PUBLIC NOTICE Caldwell Urban Renewal Agency NOTICE IS HEREBY GIVEN that pursuant to Idaho Code 50-2006(5)(c), the Caldwell Urban Renewal Agency has filed the Annual Activities Report for Calendar Year 2021 with the Caldwell City Clerk. The report describes the Caldwell Urban Renewal Agency's activities for the preceding year, and includes a complete financial statement. The 2021 Annual report will be presented to the Caldwell Urban Renewal Agency Board of Commissioners on Monday, March 14, 2022 at 7:00 p.m. at the Caldwell Police Department Community Room (110 South 5t" Avenue) for the purpose of receiving public comment. The report is available for inspection and public comment during business hours in the office of the Caldwell City Clerk/Caldwell Urban Renewal Secretary, located at 411 Blaine Street, Caldwell, Idaho. For further information, please call (208) 455-4656. PUBLISH: February 27, 2022